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Posted on: January 27, 2017

AA Bond Rating

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City maintains AA bond rating from S&P

Over the past two months the City refinanced two bond issues.  As part of the process the City completed a bond rating call with S&P and has maintained its “AA” rating.  The first refinancing was related to the financing of the City Hall/Public Safety remodel/expansion and will save the city about $830,000 in future debt payments.  The second refinancing was related to the installation of  services in the Northwest Area (NWA) will save the city about $230,000 in future debt payments.

 

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